Oireachtas Joint and Select Committees
Thursday, 27 January 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
National Broadband Plan Update: National Broadband Ireland
Mr. Peter Hendrick:
We have forward-procured both materials and with our build partners on the build. All the way through until the middle of 2023 we are procuring materials, including fibre, the poles and the contractors to build out the network.
On the question of funding, we are engaged with our board and shareholders around the working capital requirements of the business, and this is the reason we injected additional capital in December. The plan is there will be additional capital at the end of 2022. We have forward-modelled what is required in the business and we are very comfortable in terms of the capitalisation of the business.
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